Canada invests over $2 billion for nuclear reactors in Romania

Canada intends to lend more than $2 billion to Romania to build two nuclear reactors. This information was stated in a statement published on the website of the Canadian government.

In particular, Canada plans to support Romania’s energy security and climate action by granting $2.2 billion to Romania’s Nuclearelectrica, the national operator of the Cerna Voda nuclear power plant.

Export financing in support of our Romanian partners will help create new jobs and economic activity in Canada. The new reactors will use Canadian Candu technology to provide clean and reliable electricity to communities, supporting Canada’s commitment to European energy security. Canada’s nuclear expertise will continue to play an important role in helping the world shorten the path to a clean and secure energy future, as noted by the country’s Minister of Energy and Natural Resources, Jonathan Wilkinson, in the release.

The new reactors are expected to be built at Romania’s only nuclear power plant in Cerna Voda, which began operating in 1996. Currently, there are only two reactors with an installed capacity of 700 megawatts each, created using Canadian Candu technology, providing approximately 20% of Romania’s electricity needs.

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